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Roelof Botha

👤 Speaker
284 total appearances

Appearances Over Time

Podcast Appearances

All-In with Chamath, Jason, Sacks & Friedberg
Sequoia’s Roelof Botha: Why Venture Capital is Broken & How Great Companies Are Built

Everybody has to agree.

All-In with Chamath, Jason, Sacks & Friedberg
Sequoia’s Roelof Botha: Why Venture Capital is Broken & How Great Companies Are Built

Correct.

All-In with Chamath, Jason, Sacks & Friedberg
Sequoia’s Roelof Botha: Why Venture Capital is Broken & How Great Companies Are Built

Correct.

All-In with Chamath, Jason, Sacks & Friedberg
Sequoia’s Roelof Botha: Why Venture Capital is Broken & How Great Companies Are Built

It has.

All-In with Chamath, Jason, Sacks & Friedberg
Sequoia’s Roelof Botha: Why Venture Capital is Broken & How Great Companies Are Built

Sometimes it was a good decision and sometimes not.

All-In with Chamath, Jason, Sacks & Friedberg
Sequoia’s Roelof Botha: Why Venture Capital is Broken & How Great Companies Are Built

Oh, geez.

All-In with Chamath, Jason, Sacks & Friedberg
Sequoia’s Roelof Botha: Why Venture Capital is Broken & How Great Companies Are Built

Anti-portfolio.

All-In with Chamath, Jason, Sacks & Friedberg
Sequoia’s Roelof Botha: Why Venture Capital is Broken & How Great Companies Are Built

Yeah, and so you think about that responsibility, and it weighs on people.

All-In with Chamath, Jason, Sacks & Friedberg
Sequoia’s Roelof Botha: Why Venture Capital is Broken & How Great Companies Are Built

But it means that you need to show up with your best game every single day.

All-In with Chamath, Jason, Sacks & Friedberg
Sequoia’s Roelof Botha: Why Venture Capital is Broken & How Great Companies Are Built

And part of what we've done is we look at the vote distribution these days, and look, if somebody shows up and everybody's really positive, they're a bunch of people that are eight nines out of 10, and there's one person who clearly woke up in a bad mood and is a three,

All-In with Chamath, Jason, Sacks & Friedberg
Sequoia’s Roelof Botha: Why Venture Capital is Broken & How Great Companies Are Built

At some point, that person will probably say, listen, maybe I just don't get it.

All-In with Chamath, Jason, Sacks & Friedberg
Sequoia’s Roelof Botha: Why Venture Capital is Broken & How Great Companies Are Built

This actually happened to me.

All-In with Chamath, Jason, Sacks & Friedberg
Sequoia’s Roelof Botha: Why Venture Capital is Broken & How Great Companies Are Built

We listened to a company in late November.

All-In with Chamath, Jason, Sacks & Friedberg
Sequoia’s Roelof Botha: Why Venture Capital is Broken & How Great Companies Are Built

This company is thriving right now.

All-In with Chamath, Jason, Sacks & Friedberg
Sequoia’s Roelof Botha: Why Venture Capital is Broken & How Great Companies Are Built

They're in the... It's pretty saxes in here because this company is benefiting from stable coins with the Genius Act that he helped put in place.

All-In with Chamath, Jason, Sacks & Friedberg
Sequoia’s Roelof Botha: Why Venture Capital is Broken & How Great Companies Are Built

It's really benefiting from that.

All-In with Chamath, Jason, Sacks & Friedberg
Sequoia’s Roelof Botha: Why Venture Capital is Broken & How Great Companies Are Built

And I didn't quite get this company at the time.

All-In with Chamath, Jason, Sacks & Friedberg
Sequoia’s Roelof Botha: Why Venture Capital is Broken & How Great Companies Are Built

And I was the only person who was below the line.

All-In with Chamath, Jason, Sacks & Friedberg
Sequoia’s Roelof Botha: Why Venture Capital is Broken & How Great Companies Are Built

And I said, listen...

All-In with Chamath, Jason, Sacks & Friedberg
Sequoia’s Roelof Botha: Why Venture Capital is Broken & How Great Companies Are Built

There's something I'm missing in this particular company.